Fort Worth Real Estate Online


Frustrated Realtor Fights Back. Take THAT... You Nasty GFE !

It appears the time has finally come.  Actually, we haven't been screaming about it for ALL that long.  Just a short while, really.

But... how much longer can we put UP with this... until we just absolutely lose control and fight back ?

Well... Here Goes !

As we all know... the Federal National Mortgage Association... FNMA... we call Fannie Mae

And... the Government National Mortgage Association... GNMA... we call Ginnie Mae

And... the Federal Home Loan Mortgage Corporation... FHLMC... we call Freddie Mac

So... in the spirit of these nicknames... which are "almost" acronyms... not quite, but almost...

I now propose a new name... again, not quite an "acronym"... but I think it will work just the same.

The brand new form of the Good Faith Estimate... has not been well received.  It is confusing, it throws our timing for transactions out of whack... and... to be honest... the Good Faith Estimate... the GFE... has simply become a pain in the butt !

I propose... that from now on... we refer to the Good Faith Estimate... the GFE... as "The Goofie."

So... ladies and gentlemen, boyz and girlz... the next time you call your Loan Officer... and want a Good Faith Estimate... remember this... 

Just say... "Hi Brenda... this is Karen Anne Stone.  Regarding my buyers Jason and Donna Homebuyer on the property at 234 Honey Bun Lane... could you send me a Goofie?"

Whaddya think ?  Me... I think it just might have possiblilties :)

Comment balloon 71 commentsKaren Anne Stone • February 27 2010 08:41PM


I love it, great idea! Gotta love thosee acronyms and this is a good one.

Posted by Vickie Nagy, Vickie Jean the Palm Springs Condo Queen (Coldwell Banker Residential Real Estate) almost 11 years ago

Karen Anne:  Love the idea.  I am NOT loving the new GFE and it is putting everyone through the ringer.    Not to mention the HVCC which means nothing more than "let's have another hiccup".   Both requirements have no regard for the contractual timeframes the buyers are bound by and I have yet to see where each of these systems truly helps the borrower.  

Posted by Cathy McAlister, Sacramento DRE#00648507 (Cathy Ashley McAlister, GRI CDPE - Broker / Sacramento ) almost 11 years ago

Vickie:  Yes... what would the world go without acronyms.  Like SCUBA... and SNAFU, and the good old war favorite FUBAR.  Let's see if anyone things Goofie is a good way to go.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

Cathy:  Me too.  We shall see.  Yes, the new "Goofie" is... goofy.  Right throught the ringer.

My brain must be in an acronym mode... because I just looked at the initials HVCC... and the word "havoc" jumped into my brain.  That sounds like it fits, as well.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

Hi Karen Anne ~ Goofy and Havoc are both right on the money.  What a pain!


Posted by Elizabeth Bolton, Cambridge MA Realtor (RE/MAX Destiny Real Estate Cambridge, MA) almost 11 years ago

Hi have to have good sense of humor dealing or swimming in this quagmire, Good luck :O))

Posted by Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant (RE/MAX Camosun Victoria BC Real Estate) almost 11 years ago

Liz:  With you... the votes are coming in from the East Coast.  Cool.  Sounds like you are voting for the Goofie !  Maybe we can start a trend, here.  Stay warm...

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

Fred:  So with you, the votes are coming in from the North West, as well.  Yes... some say I have a good sense of humor.  Others call it warped.  Either way... it works for me.  Thanks for your kind words...

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

Karen Anne,

I am lucky working with cash buyers, but if I get into deals involving mortgage, I would remember to request a goofie...

Posted by Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices (Daytona Condo Realty, 386-405-4408) almost 11 years ago

Karen Anne

Just not sure... should it neessarily be THE Goofie?

Posted by Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices (Daytona Condo Realty, 386-405-4408) almost 11 years ago

I love it and I will start calling that from now on!

Posted by Todd Clark, Principle Broker Oregon (eXp Realty LLC) almost 11 years ago

Karen Anne, I totally love it!  You have my vote, you goofy woman!

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) almost 11 years ago

Karen Anne, that made my day! LOL

Posted by BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate (RE/MAX Inland Empire) almost 11 years ago

That's PERFECT!!  I'm going with that . . .

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) almost 11 years ago

Karen, a great laugh before bedtime!!

Posted by Dawn Maloney, 330-990-4236 Hudson & Northeastern Ohio (RE/MAX Trinity Northeast Ohio Real Estate Specialist) almost 11 years ago

Cool! Now we have loan officers passing out their flyers to us to explain....

Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Liberty Homes) almost 11 years ago

I couldn't agree more.

Posted by Tammie White, Broker, Franklin TN Homes for Sale (Franklin Homes Realty LLC) almost 11 years ago

I think I like Havoc even better than Goofie because Havoc has what's been wreaked this week because of the HVCC.

Posted by Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M (Donovan Blatt Realty) almost 11 years ago

Hi Karen Anne,

Goofie and HAVOC!!! I like that....Actually,  I was calling HVCC - "havoc" for a while now... just for kicks. 

Posted by Ruthmarie Hicks (Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605) almost 11 years ago

I'll go with it.  It sounds like an easy way to ask for something tha obviuosly seems goofie.  I haven't had to much problemm with it yet, and hopefully will not.  I'm staying positive.

Posted by Frank Castaldini, Realtor - Homes for Sale in San Francisco (Compass) almost 11 years ago

Ginerva:  No... I really haven't met anyone who WASN'T confused by the new Goofie... GFE

Jon:  This could be the new way out.  When in doubt... ask for a Goofie !

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

Great idea.  What were they thinking when they designed the new form?

Posted by Sharon Parisi, Dallas Homes (United Real Estate Dallas ) almost 11 years ago

Todd:  Somehow, some way, I'm really not surprised that you are instantly "in" with it.  You've always had a wonderful sense of humor... LOL.

Pat:  I'm thrilled you like it.  And yes, this goofy woman wears her goofiness as a badge of honor.  Thanks for your kind words.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

BethAnn:  I'm glad it made your day, and brought a smile to your face.  Hearing that makes me smile as well.

Carla:  Being perfect is good.  Yes woman... go with it !  And thanks so much for your kind words.  :)

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

Dawn:  A good laugh before bedtime is a great way to go sleepie-pie.  Sleep well... :)

Sally:  And just what good do they think the flyers will do ?  Many loan officers I know don't really fully understand the new Goofie themselves.  How silly.  PS... I'm so glad the tsunami fizzled.  Take care...

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

Tammie:  Good for you.  Maybe if we all gang up on them... they will fix that goofy Goofie.  :)

Christine:  Yeah.  I KNEW I had something after I wrote this post, and then saw the HVCC initials just sitting there.  Havoc tell the who story, doesn't it ?

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

Ruthmarie:  I believe it.  Havoc for you and Goofie for me.  Sharp minds think alike.  :)

Frank:  Hopefully you will continue to be ok with it.  I have heard of both Realtors and buyers who have gone more than a little nutz over it.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

As a banker, I can tell you that the form is a pain.  I met with some borrowers the other evening to go over their loan package.  I went through the 1003 and showed them they needed about $9k to close.  I saved the GFE for last and had to pull them off the ceiling when they saw over $24k on the GFE. 

On another file, my processor called to let me know we had a problem, because the GFE and the 1003 did not match. Of course, they don't match any more.

Like everything else, we'll get through this.


Posted by Tom Branch, Broker, CDPE, SFR, ACRE, Plano TX Ambassador (RE/MAX Dallas Suburbs) almost 11 years ago

Sharon:  That's just it, hon.  They WEREN'T thinking.  Ummm... they were having a brain fart... lol.  Ooops... did I say that ?

Tom:  That 1003 can be very confusing, and kind of invasive if the borrowers aren't expecting it.  But, you nurse them through that... and then bop them on the head with the Goofie GFE.  Not fun.  Yes... we'll get through this... although I hope they just drop this dumb idea.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

I love it.  You definitely have to have a sense of humor to survive these days or you'll be like that poor gent who bulldozed his house down -- WACKO.  The goings on and alleged "fixes" are unbelievable and the folks getting hammered are the ones in the trenches -- we normal citizens!  Oh well, I believe that at some point this insanity will pass.

Sue of Robin and Sue

Posted by Robin Dampier REALTOR®, Hendersonville & Western NC Real Estate Source (Coldwell Banker King) almost 11 years ago

Sue:  Thanks for your kind words about my sense of humor.  And... about that gentleman who bulldozed his house... I am one of the few who have voiced support for him, or at least one of the few who have said they totally understood how he felt, and how frustrated he must have been.

I do not think he was a nutcase.  I much prefer he take out his frustration with a bulldozer... and climb into an airplane and fly it into an IRS office like the guy did in Austin.

Unfortunately, I think this insanity will be around for a while.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 11 years ago

Karen...thanks for the laugh! I know it's not really that funny but you just HAVE to laugh sometimes. Makes you wonder, "what were they thinking?"

Posted by Joe Cuchiara (Higher Ground Real Estate) almost 11 years ago

Perhaps the G.F.E. is nothing more than a S.W.A.G.


Scientific Wild Ass Guess

Sweet Wild Ass Guess

Semi Wild Ass Guess

Smart Wild Ass Guess

Some Wild Ass Guess

Stupid Wild Ass Guess

Super Wild Ass Guess

Sophisticated Wild Ass Guess

Still Wondering and Guessing

Posted by John Grasty, Your Tri-cities REALTOR, neighbour and volunteer. (for real estate results in the Tri-Cities.) almost 11 years ago

You guys have some weird stuff to deal with down there. Hope our powers that be do not get wind of it and foist it into our lives, north of the 49th parallel.

Posted by Clark Hitchcock, Realtor - Fraser Valley (Re/Max Nyda Realty Inc) almost 11 years ago

Hi Karen Anne,

How appropriate! Great nick name..and I think it could really catch on! I'll start using that name ASAP!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker Realty ~ 512.750.6899) almost 11 years ago

Karen Anne, totally agree.  Mtg. person gave a talk at our office about this and we were all in shock - how is this stupid thing going to help the consumer? It is NOT.

Posted by Karen Rice, Northeast PA & Lake Wallenpaupack Home Sales (Davis R. Chant, REALTORS) almost 11 years ago

i don't have any trouble understanding the "goofie." it just doesn't tell the buyers what we feel that they should know. so we developed additional documentation to do that.

we also have a separate disclosure that is signed by the borrower acknowledging receipt of the goofie, as the document itself does not require a signature.

maybe we should refer to those at HUD as the "goofies" or "goofiettes" for delievering such a document.


Posted by Jay Beckingham, Seniors ROCK! (Christensen Financial Mortgage) almost 11 years ago

Great post. Love your take on this bane of our real estate existence.

Posted by Lorraine or Loretta Kratz, Certified Negotiation Consultants (Crescent Moon Realty, Inc. & Land N Sea Auctions.) almost 11 years ago

I haven't had a problem with it yet....  There is a loop hole from what I understand - If your borker quotes closing costs, appraisals and inspections from another state like NY or somewhere that is on average, much more expensive (this is what my BOA mortgage broker does) then we have no problems at closing....  My last closing the GFE  was much higher than the actual HUD!!!

Posted by Barbara Kornegay, Wilmington NC Real Estate, Homes (REMAX Essential) almost 11 years ago

Hahaha!  I'm going to use your "goofie" when I talk to one of my mortgage lenders.  She'll love it!

Posted by Kris Wales, Real Estate Blog & Homes for Sale search site, Macomb County MI (Keller Williams Realty - Lakeside Market Center) almost 11 years ago

Goofie is now in my lexicon.

Thanks for raising the level of discourse when referring to government entities that believe that they live in a bubble and that no one reads their dribble but themselves.

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley,, MD & VA Homes and Real Estate) almost 11 years ago

Very funny and appropriate. . I will start using it. . thanks for sharing this with us Karen Anne

Posted by Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group - Broker 301-246-0001) almost 11 years ago

Makes sense to me but then again I am sometimes prone to being a bit sarcastic myself ;-D

Posted by Russell Lewis, Broker,CLHMS,GRI (Realty Austin, Austin Texas Real Estate) almost 11 years ago

Karen Anne, I hope you know how much I like you and the new acronomyn. It took 3 proxy errors to comment here.Brilliant Goofie, can't wait to see what the next loan officer does when I talk to them.

Posted by Missy Caulk, Savvy Realtor - Ann Arbor Real Estate (Missy Caulk TEAM) almost 11 years ago

That is a very creative acronym; I'm sure you could get enough votes on AR to get your suggestion approved!

Posted by Melissa Zavala, Broker, Escondido Real Estate, San Diego County (Broadpoint Properties) almost 11 years ago

Thanks for a good laugh!

Posted by Robert Murray (The Corcoran Group) almost 11 years ago

Great idea. I like Ruthmarie's HAVOC  (#20) also. I hope this sticks. I for one will use it from here on in.

Posted by J. Philip Faranda, Broker-Owner (J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY) almost 11 years ago

Karen Anne, thank you so much for the chuckle! Although it is not funny, your post is! The Goofy, I like it! Well, I like the name but don't like the Goofy itself. :D

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) almost 11 years ago

I remember listening to a contractor who was interviewing for the job of remodelling my kitchen.  He gave me an estimate and said, "Now, this is just an estimate, which means it'll probably go up."

Not sure if he had his coffee yet that day, but I didn't pick him :)

Good Faith Estimates, old and new, show as much as is necessary to hook the borrower--kinda like some agents on their listing appointments promising to sell the home for heaps....

Posted by Rick Phillips, I care about you and your transaction. (Appraisals Guaranteed) almost 11 years ago

Never has a form the was supposed to "educate and help" the consumer turned into such a nightmare. It's so confusing that it takes hours of classes for the the lenders and settlement companies to begin to understand how to use it properly. And for the consumer it's a nightmare. One small example - lenders are now charging all transfer taxes to the borrower whether they will pay them or not per the contract. Why you may ask? The lender is responsible o pay them if they are underestimated. My only hope is that over time things will be corrected but I'm not optimistic.

Posted by Alan Gross, Loan Consultant (PrimeLending, A PlainsCapital Company, Equal Housing Lender) almost 11 years ago

You always brighten my day! Goofie is groovy, as are you, Karen Anne!

Posted by Lori Cain, Midtown Tulsa Real Estate Top Producer (eXp Realty) almost 11 years ago

Looks like everyone is in I guess this means they won't change it...LOL

Posted by Dennis Duvernay Broker/Owner (Hillview Realty) almost 11 years ago

I'll betcha the term "Goofie" takes off like wildfire and becomes a term that is used all over the country.  Congratulations on coining a new term!  So apt.

Posted by Bob Willis, Orange County & L.A. County Real Estate Agent (Berkshire Hathaway HomeServices California Properties) almost 11 years ago

Karen, fun article to read that unfortunately makes a lot of sense.

Posted by Ted Tyndall, I will help You find the Home YOU want to Buy (Davidson Realty Inc.) almost 11 years ago

Karen Anne - "Goofie" - what a perfect name... and how unfortunate for us all!

Posted by Judy Jennings, Tap into Judy's real estate expertise & resources. (Top Agent Plus) almost 11 years ago

You are riot, Karen Anne, and right on target with that name. For crying out loud, it doesn't even tell the borrowers what their PITI payments will be. How "Goofie" is that?

Posted by Elizabeth Weintraub Sacramento Realtor Top 1%, Put 40 years of experience to work for you (RE/MAX Gold) almost 11 years ago

Nothing makes sense anymore!!! GFE is perfect!

Posted by Pam Turner, REALTOR®, e-PRO®, SFR (Century 21 Belk Realtors Dalton GA) almost 11 years ago

KarenAnne, The Goofie is hilarious.  And the reason it's so funny is that it's the truth!

Posted by Susan Brown (Keller Williams NE, Kingwood Texas (Humble & Atascocita too)) almost 11 years ago

I am totally on board with this one. I can't wait until I hear someone use that term with me, and I'll know it's getting around!

Posted by Joetta Fort, Independent Broker, Homes Denver to Boulder (The DiGiorgio Group) almost 11 years ago


Your name of Goofie is a little nicer than what I have been calling it!  I've been in the mortgage business for over 15 years and never have I seen something so MESSED UP and CONFUSING to my clients.   We should have stayed with the ONE page GFE that had the fees listed out CLEARLY on each line item. Plus the old GFE had an estimate of the PITI payment and not the principle payment only being disclosed on the new GOOFIE.  Yes there is a box to say there are escrows or not but no fully payment is being disclosed.  To make the NEW GOOFIE a little easier to understand I start off with the Intial Fee Worksheet (another name for the old GFE) and then move over to the three page confusing form that is now known as Goofie!...  

We should start a FAN CLUB on Facebook to GET RID of GOOFIE!!!!


Posted by Stephanie Stringer, Mortgage Loan Originator (First Choice Loan Services NMLS#210764) almost 11 years ago

Jason and Donna Homebuyer better get one darn good Goofie if they want my business!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - almost 11 years ago

Great idea, I'm all for making things easier

Posted by Marguerite Wherry (Associate Broker / Teles Properties, Inc.) almost 11 years ago

Karen Anne, how are you?  I'm so sorry I haven't been in touch lately.  I miss our "chats."

I read this post and laughed out loud.  It is priceless!  You always hit things on the nailhead.  I love your posts!

We'll have to talk soon.

Chris Howlett
Howard Hanna

Posted by Christine Hart Howlett, Keller Williams Greater Cleveland NE (Painesville and Eastern Lake County) almost 11 years ago

Now this post definitely deserves to be featured!  I will begin to use that term from now on.

Posted by Randy L. Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) almost 11 years ago

Karen you do have some sense of humor.   I hope the loan officer I contact is familar with your post.  If not he or she won't know what I need when I ask for my Goofie.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) almost 11 years ago

Karen, You can call it whatever you want, just as long as the bank makes sure to put our brokerage administrative fees on there so the office doesn't turn around and hound me for it!

Posted by Matt Grohe, Serving the metro since 2003 (RE/MAX Concepts) almost 11 years ago

Unfortunately, I haven't had to deal with one...yet.  Although just seeing the form and the things it leaves out GOOFIE is absolutely appropriate! 

Thank you for the laugh this morning!

Posted by Tammi Copsey almost 11 years ago

Karen - one more reason to live north of the 49th .... and one more thing to keep south of the 49th

Posted by Kathy Clulow, Trusted For Experience - Respected For Results (RE/MAX All-Stars Realty Inc. Brokerage) almost 11 years ago

OMG - you are hysterical!  I busted out with laughter over this one.  Good job - I can't wait to ask for my goofie the next time I speak to some of my loan reps and escrow officers.

Posted by Michael J. O'Connor, Eastvale - 951-847-4883 (Diamond Ridge Realty) almost 11 years ago

I found the old Good Faith Estimates to be Goofie, so wouldn't the new ones be Goofie, Jr.?

Don't mind me. I'm just the court jester! 

Come join the fun in ActiveRain's Guerrilla Marketing Team Contest.

Posted by Russel Ray, San Diego Business & Marketing Consultant & Photographer (Russel Ray) almost 11 years ago

The Goofie sounds about right!  I now ask for the "Initial Fees Worksheet" which is the equivalent of the "Old Goofie".

Posted by Ashlee Springer, Expert Realtor Working with First Time Homebuyer (Keller Williams, Alabaster, AL) almost 11 years ago